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Rounded Bottom and Parabolic Curve Theory Idea for $SUSD to BTCThis is a personal research and idea for investment. DYOR and TIT... This is Synthetix USD $SUSD coin on a 3-day chart. :::DISCLAIMER::: This is a mid-term pattern that probably will develop exponentially growing price action as it starts to close. I'm calling it early as consistent with Parabolic Curve Theory ( PCT ) and am very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action miss some of the PCT base targets marked here thus making it necessary to revisit this idea. TIME/PRICE PROJECTION Pattern start: Mid-Dec 2020 Estimated end: 1st week of Late July 2021 (60+ days from publishing) Price tag at time of publishing: 2,490 satoshi Expected price tag at end of pattern: 5,550 satoshi Sub-base 1 (.b1.1): 2,044 satoshi Base 1 price level: 2,499 satoshi Base 2 price level: 3,080 satoshi Base 3 price level: 3,550 satoshi Base 4 price level: 4,020 satoshi Safe trailing take profit area: Recommended trailing take profit at 5,300 satoshi TECH INDICATORS I'm doing TA on a daily-chart since the 3-day still doesn't display full indicators yet. Green Kumo cloud indicates bullish trend with recently broken out Chikou Span from PA. Recent T/K cross up is also bullish. All indicators are upsloped. Parabolic SAR also confirms trend placed below PA. NEWS CATALYSTS AND BTC VOLATILITY No upcoming news catalysts. Seemingly unaffected by BTC dips. EXPECTATIONS I expect swinging PA between bases with increasing impulse moves upward and decreasing ranging movement. PCT states that price of an asset once base 3 is reached can double its price in a very short period. This is not necessarily so in this case, but at least 50% increase is expected. The distance from the curve makes me believe that we still should expect some ranging consolidation in PA. FINAL NOTE Drawing may need some minor adjusting as the pattern develops.
SLong
by AponSOKS1978
Synthetix sUSD (SUSDBTC) Bittrex New ListingWhy do I get the feeling that this will have some crazy bullish action sometime soon? Introducing Synths Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain. About sUSD sUSD (SUSD) is a cryptocurrency token and operates on the Ethereum platform. sUSD has a current supply of 2,665,674 SUSD. The last known price of sUSD is $0.960609 USD and is up 4.89% over the last 24 hours. It is currently trading on 4 active market(s) with $56,534 USD traded over the last 24 hours. More information can be found at www.synthetix.io This chart does not have enough data but I took a look at it on CoinMarketCap, this is sitting at all-time lows. It has around 200% profits potential to an all-time high. Looks like an interesting project. Thanks a lot for reading. Namaste.
SLong
by AlanSantana
4
EUR: USD is consolidating, EUR is gaining some valueIs Eur gaining value against the USD or is the USD consolidating against EUR? Well, I'd rather say that it is a consolidation of USD against EUR rather then a EUR gaining weight against USD. MArket thought that FED would increase it's interest rate by October but this doesn't occure FEd's minutes showed that although US market has an initial capacity to cope with a certain amount of growth without the assistance of QE3, market still needs cheap money i.e low interest rate in order to give an impetus to the inflation target. ECB president is still betting on a "hidden" devaluation in order to important inflation in the Eurozone, but we are far from being there yet. So far, there was more monetary move from ECB then fromFEd's side. ECB lower two time its interest rate, lauch TLTRO and ABS. But despite this move, EUR did not lowered as ECB president would like to. Therefore, the next move may come from FEd unless ECB decides to lower its interest rate again bellow 0%. Until FEd or ECB make a move, EUR will go up again towards 1.30 as an initial move. Then if FED increases its interest rate, EUR would fall down far beyon 1.25
Long
by Pashabxl